FAME-II Aided Deployment Of 16.7L EVs In India: Govt

Highlights :

  • The Ministry of Heavy Industries (MHI) formulated the Scheme namely; Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote adoption of electric/ hybrid vehicles (xEVs) in India
FAME-II Aided Deployment Of 16.7L EVs In India: Govt FAME-II Aided Deployment Of 16.7L EVs In India, Parliament Told

The Minister of State for Heavy Industries and Steel Bhupathi Raju Srinivasa Varma in a written reply before the Rajya Sabha today said that the FAME-II scheme aided in the deployment of 16 lakh Electric Vehicle (EVs) in India. The scheme earlier had helped the EV sector to expand with a hand-holding support to the sector.

The Ministry of Heavy Industries (MHI) formulated the Scheme namely; Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote adoption of electric/ hybrid vehicles (xEVs) in India. The Phase-I of the scheme was available up to 31st March, 2019 with budget outlay of Rs. 895 Crore. This phase of FAME India Scheme had four focus areas i.e. technological development, demand generation, pilot project and charging infrastructure components.

The minister said that in the 1st phase of the scheme, about 2.8 lakh xEVs were supported with total demand incentives of Rs. 359 Crore (Approx). In addition, 425 electric and hybrid buses, as sanctioned under first phase of the scheme were deployed across various cities in the country with Government Incentive of about Rs. 280 Crore. The Ministry of Heavy Industries had also sanctioned about 520 Charging Stations/ Infrastructure for Rs. 43 Crore (approx.) under Phase-I of FAME India Scheme.

Based on outcome and experience gained during Phase-I of FAME India Scheme and after having consultations with all stakeholders, including Industry and Industry Associations, the Government notified Phase-II of FAME India Scheme for a period of five years commencing from 1st Apri1, 2019 with a total budgetary support of Rs. 11,500 crore. However, the FAME-III scheme could not be rolled out to.

Under Phase-II of FAME India Scheme, as on 31/07/2024, claims of 16,71,606 electric vehicles for Rs. 6,825 crore have been submitted for reimbursement of subsidy by the OEMs (EV manufacturers). Further, 6862 electric buses were sanctioned to various cities/STUs/State Govt. entities for intra-city operations under the FAME-II Scheme. Out of 6,862 e-buses, 4,853 e-buses have been supplied till 31st July, 2024.

The minister also said that the Ministry of Heavy Industries is currently implementing the following schemes for accelerating the adoption of electric vehicles in the country:

  1. Electric Mobility Promotion Scheme 2024 (EMPS) with an outlay of  ₹ 778 Crore for a period 6 months, w.e.f. 1st April 2024 till 30th September 2024, which provides incentives to buyers of e-2W and e-3W.
  2. Production Linked Incentive Scheme for Automobile and Auto Component Industry (PLI-AAT) with a budgetary outlay of  ₹ 25,938 Crore. The scheme incentivises various categories of electric vehicles including e-2W, e-3W, e-4W, e-buses & e-trucks also.
  3. Production Linked Incentive Scheme for manufacturing of Advanced Chemistry Cell (PLI-ACC) in the country with a budgetary outlay of ₹18,100 Crore.
  4. Scheme to Promote Manufacturing of Electric Passenger Cars to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles.

"Want to be featured here or have news to share? Write to info[at]saurenergy.com
      SUBSCRIBE NEWS LETTER
Scroll